HONG KONG - A plot of land at Hong Kong's former Kai Tak airport has failed to sell at auction in a sign the city's worsening economic crisis is starting to take its toll on the property market.
It follows news on Monday that Hong Kong's Goldin Financial Holdings had sold a residential land parcel at a loss of HK$2.6 billion . Selling undeveloped land bought by tender is unusual. For Goldin, however, the sale of land in the Kai Tak district marked the second time in a year for such a purchase to go awry.
"Industries like tourism and retail will need a long time to recover, so the rental income from this type of commercial plot will likely decline," he said.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: